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Cryptocurrency News Articles
Top Blockchains With The Highest Staking Yields
Oct 24, 2024 at 03:02 pm
Cryptocurrency staking is part of the foundation of the Proof-of-Stake (PoS) consensus algorithm, which allows blockchain participants to lock up their tokens
Cosmos (ATOM) has the highest staking yield among the top 50 cryptocurrencies, offering yields of up to 18.5%. With a staking ratio of 59%, approximately 248.8 million ATOM (worth about $1.2 billion) are being actively staked. These relatively high yields, coupled with the functionality of the network, offer a compelling option for stakers and are reflected in the healthy staking ratio.
Polkadot (DOT) has a staking ratio of 56%, a total volume of 853.2 million DOT (worth about $3.7 billion), and offers yields of up to 11.5%. The attractive staking returns offer enticing opportunities for stakers who wish to participate in the chain’s ecosystem.
Tezos (XTZ), one of the earliest available options for participants on PoS chains, has a staking ratio of 68%, a total of 699.6 million XTZ (worth about $470.6 million), and staking yields of up to 10.0%. A user-friendly staking model, called Liquid Proof-of-Stake, as well as an aspect of familiarity due to the length of time it has been available for staking, offers an attractive option for stakers.
Avalanche (AVAX) has a staking ratio of 58%, a total volume of 234.1 million AVAX (worth about $7.2 billion), offering annual yields between 7-8%. Avalanche’s fast transaction speeds and relatively low transaction costs have attracted a growing staking community.
Solana (SOL) boasts one of the highest staking ratios, with approximately 67% of its total supply actively staked, a total of 393.6 million SOL (worth about $65.2 billion). This is a large amount considering that only 470.1 million SOL are currently in circulation. Solana offers an average annual yield of 6-7%, making it attractive for investors, though network reliability issues in the past may pose risks that some investors consider.
TRON (TRX) offers staking yields typically between 4-5%, with a staking ratio of approximately 48% of total supply, or 42.5 billion TRX (worth about $6.7 billion). TRON’s staking model includes a combination of staking and voting mechanisms, where participants can vote for Super Representatives who validate transactions.
Ethereum (ETH), the largest PoS blockchain by market cap, has a staking yield of around 3.0%. The relatively moderate yield reflects its high level of decentralization and security, with approximately 28% of the total ETH supply, a total of 34.2 million ETH (worth about $89.4 billion) currently staked. Ethereum's yield is also influenced by its recent transition to PoS and the network's overall maturity. Despite having the lowest staking ratio amongst PoS blockchains in the top 50, it has the highest dollar value staked, approximately ~37.1% higher than its closest competitor, Solana.
Cardano (ADA) has around 62% of ADA staked, a total of 22.5 billion ADA (worth about $8.2 billion), and the staking yield hovers around 2-3% annually. Cardano’s automated delegation process makes it user-friendly, although the yields are modest compared to some of its peers.
Sui (SUI) is another emerging blockchain that focuses on high throughput and efficient execution. It has a staking ratio of 77%, a total volume of 7.7 billion SUI (worth about $14.8 billion), and yields of up to 3%. Despite relatively lower yields compared to other blockchains, Sui still displays a strong staking ratio, reflecting the confidence of stakers in the blockchain’s development.
Hedera (HBAR) utilizes a consensus algorithm called the Hedera Consensus Service, which functions like a Proof-of-Stake (PoS) algorithm, allowing stakers to yield rewards by participating in the staking mechanism. HBAR has a staking ratio of 44%, a total volume of 22.2 billion HBAR (worth about $1.1 billion), and yields of approximately 0.19%, the lowest among the top 50 cryptocurrencies. Despite the comparatively low yield, it has shown a fairly healthy staking ratio.
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